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. they now expect more than 40 percent of the claims to be back law during either of these two years. so in revising these projections what matters did you look at and what did they -- what additional you? >> i looked at the actual submissions of receipts of claims that we have received from our veterans of the last five months. each month they have been lowered and are expected volume. >> the math works out to where you would have only a 40% backlog situation. >> no, it doesn't. i don't think that you all would throw me out of here if i said that that would happen. is now where we are. we are at about 69 percent of our plans right now that our older than 125 days, working every single day to drive that never south. we're doing it to focus on how people process technology solutions. as far as we can pushing a productivity by folks from i can tell you today that 70 percent more effective and higher productivity than they were prior to us moving into this transformation plan. >> last year he testified that during 2013 the backlog would be reduced from 60% to 40%, and that would -- and ' --
led the negotiations for the reunification of east germany. he is proficient in economics and law and vlad holds a doctorate of law and is written a number of books most recently the future of modernization, what we can learn from the crisis. mr. minister we are delighted you are with us and we look forward to your remarks and then we will pepper you with questions. >> thank you very much. sorry for being late. today we are, our hearts and minds are with boston and i hope it will be over soon. i have to make remarks on the financial markets that are going well in europe as you all know. [laughter] i will be brief to have time for discussion and therefore i just want to say we all remember the crisis that started in the united states in 2008 and in 2008 we all agreed it will never happen again. we have to learn our lessons. the summit to london and pittsburgh and a two the g20 meeting today in boston. we have made a lot of progress in doing this since then. we agreed that the reason -- there are three reasons. too much -- too much liquidity in the financial markets and too few regu
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